The New Construction Rebate is a form of commission sharing. As Real Estate Agents representing you in your new home purchase, we are paid a commission when you buy a new home. To thank you for using our service, we share a portion of our commission with you.

The rebate will be made in the form of either a closing cost credit, applied towards option upgrades with the builder, or applied as a reduction to your sales price. However applied, the New Construction Rebate will give 2% towards your new home purchase. The rebate must appear on the HUD 1 Settlement Statement, your sales contract and your Exclusive Buyer’s Agency Agreement.

Absolutely. In North Carolina, as well as 40 other states, Real Estate Rebates are allowed. According to The U.S. Department of Justice website (http://www.justice.gov/atr/competition-and-real-estate-state-12), the state of North Carolina “Allows brokers to offer rebates to consumers”. A Letter from North Carolina Division of Real Estate Re: North Carolina Real Estate Commission permits the payment of rebates

The New Construction Rebate is paid by the Builder. We let the Builder know that we are sharing our commission with you and the percentage we are sharing, and the Builder pays our commission to us and your 2% rebate to you. If the builder will not honor a reduction in sales price, a closing cost credit, or apply towards options, then the participating real estate agent’s brokerage will provide the rebate after closing.

No, unfortunately you cannot. We (W Matthews Real Estate) must be exclusively representing you as your Real Estate Agent in order for you to receive your New Home Rebate.

No, unfortunately you cannot. On your first visit to the Builder’s model home / sales center, the Builder needs to be notified that we (W Matthews Real Estate) are representing you as your Real Estate Agent and that we are offering to share our commission with you in the form of a closing cost credit, option price reductions or in a sales price reduction. Once the Builder has a signed, legal agreement, there is no obligation for them to change the terms of the agreement in order to pay commissions to a Real Estate Agent / REALTOR®.

No, unfortunately you cannot. Per the North Carolina Real Estate rules, the only people who can be legally paid commissions in a Real Estate transaction are licensed Real Estate Agents / REALTORS®. We are your key to unlocking additional savings through our New Construction Rebate Program.

There a couple reasons. One, many agents that could offer the rebate do not because they are stuck in the old way of doing things. Another reason, many Real Estate Agencies simply cannot afford to. In the traditional Real Estate model, the Real Estate Agency is owned by a Broker / Owner with Real Estate Agents / REALTORS® working under them. They have high overhead due to retail office space, managers, operations staff, franchise fees, etc., etc. Any commissions earned are split between the Broker/Owner and the Real Estate Agents / REALTORS®. When a client does the search and visits the models themselves they are greatly reducing our time and resources. By helping us reduce our overhead, we are able to pass the savings on to you.

No. Besides getting the 2% rebate, you are also getting a full team of seasoned professionals who know the New Home “game” inside and out. We are a full service Real Estate Agency that specializes in new homes with over 30 years of experience dealing with purchasing a new home from a builder. We provide assistance with contract negotiations, options selection, home inspections, structural inspections and selecting financing options. The site agent for the builder represents the builder’s interest, we represent your interest.